15.72% percent quarterly performance for Deere & Co (DE) is not indicative of the underlying story

On Tuesday, Deere & Co (NYSE: DE) opened lower -0.33% from the last session, before settling in for the closing price of $401.68. Price fluctuations for DE have ranged from $340.20 to $420.47 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 12.56%. Company’s average yearly earnings per share was noted -27.84% at the time writing. With a float of $253.40 million, this company’s outstanding shares have now reached $281.58 million.

Considering the fact that the conglomerate employs 83000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 39.58%, operating margin of 24.97%, and the pretax margin is 19.31%.

Deere & Co (DE) Insider Activity

A key investor’s attitude towards the stock of the Farm & Heavy Construction Machinery industry is another important factor to consider. The insider ownership of Deere & Co is 7.38%, while institutional ownership is 71.94%. The most recent insider transaction that took place on Jun 24 ’24, was worth 5,048,913. In this transaction Pres Ag & Turf, Prod & Prec Ag of this company sold 13,370 shares at a rate of $377.63, taking the stock ownership to the 41,642 shares.

Deere & Co (DE) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 8.32 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 7.47) by 0.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.14 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -27.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.12% during the next five years compared to 36.77% growth over the previous five years of trading.

Deere & Co (NYSE: DE) Trading Performance Indicators

Check out the current performance indicators for Deere & Co (DE). In the past quarter, the stock posted a quick ratio of 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 21.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 29.31, a number that is poised to hit 3.89 in the next quarter and is forecasted to reach 21.86 in one year’s time.

Technical Analysis of Deere & Co (DE)

Compared to the last year’s volume of 1.44 million, its volume of 0.95 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.76%. Additionally, its Average True Range was 7.07.

During the past 100 days, Deere & Co’s (DE) raw stochastic average was set at 74.96%, which indicates a significant increase from 21.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.85% in the past 14 days, which was lower than the 22.72% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $401.49, while its 200-day Moving Average is $386.03. Nevertheless, the first resistance level for the watch stands at $403.99 in the near term. At $407.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $411.21. If the price goes on to break the first support level at $396.77, it is likely to go to the next support level at $393.17. Should the price break the second support level, the third support level stands at $389.55.

Deere & Co (NYSE: DE) Key Stats

There are currently 273,600K shares outstanding in the company with a market cap of 109.54 billion. Presently, the company’s annual sales total 61,251 M according to its annual income of 10,166 M. Last quarter, the company’s sales amounted to 13,152 M and its income totaled 1,734 M.